Yume Has Suspended Trading
To our community, partners, and supporters,
It is with a heavy heart that we announce Yume Food Australia has entered voluntary administration. As of Tuesday, 18 November, Teneo Financial Advisory Australia Pty Ltd has been appointed to manage the company’s affairs.
This was a decision made after exploring every possible avenue to keep operating independently. Building a mission-driven startup is an immense challenge; it requires building a solution, a market, and a behavioural shift simultaneously. While our belief in the mission never wavered, and our technology proved the model works, we unfortunately reached the end of our financial runway in a challenging capital market.
A Legacy of Systemic Change
While this chapter of independent trading closes, the validity of the Yume model is undeniable. We did not just talk about the circular economy; we operationalised it.
Together with our courageous manufacturing partners and buyers, we turned surplus food from a hidden problem into a valuable commercial resource. We are incredibly proud of the measurable impact we achieved together:
$29 Million returned to Australian businesses and manufacturers.
11.31 Million Kilograms of high-quality food redistributed to verified buyers.
43.69 Million Kilograms of CO2 emissions prevented.
2.46 Billion Litres of water preserved.
The Opportunity: Acquiring Yume
The opportunity to solve food waste at a commercial scale has not disappeared. The Yume platform, brand, and network are ready for a new custodian.
The administrators are now seeking expressions of interest for the sale of the business and its assets. This represents a unique opportunity for a strategic buyer in the Logistics, Retail, FMCG, or Technology sectors to acquire:
The Yume Brand: An award-winning, trusted social enterprise brand with deep recognition across government and industry.
Proprietary Marketplace Technology: A fully verified commercial platform designed specifically for the complexities of industrial surplus redistribution.
Impact Data Engine: Robust ESG and Scope 3 reporting tools currently used by major multinational food manufacturers.
Institutional Relationships: Established vendor status and integration with Australia’s largest food manufacturers.
Expressions of Interest
We invite interested parties to contact the administrators directly. If you are a strategic buyer looking to acquire these assets and continue the mission, please register your interest below.